Gilbert & Cook Inc. Acquires 101 Shares of International Business Machines Co. (NYSE:IBM)

Gilbert & Cook Inc. raised its position in International Business Machines Co. (NYSE:IBMFree Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,892 shares of the technology company’s stock after buying an additional 101 shares during the period. Gilbert & Cook Inc.’s holdings in International Business Machines were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. WealthPlan Investment Management LLC boosted its position in International Business Machines by 220,760.0% in the third quarter. WealthPlan Investment Management LLC now owns 44,172 shares of the technology company’s stock valued at $6,197,000 after buying an additional 44,152 shares in the last quarter. Jump Financial LLC boosted its position in International Business Machines by 97.0% in the third quarter. Jump Financial LLC now owns 3,367 shares of the technology company’s stock valued at $472,000 after buying an additional 1,658 shares in the last quarter. Western Wealth Management LLC boosted its position in International Business Machines by 12.5% in the third quarter. Western Wealth Management LLC now owns 8,924 shares of the technology company’s stock valued at $1,252,000 after buying an additional 995 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in International Business Machines in the third quarter valued at about $239,000. Finally, PGGM Investments acquired a new position in shares of International Business Machines during the third quarter worth approximately $2,290,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.7 %

Shares of NYSE:IBM opened at $166.85 on Monday. International Business Machines Co. has a 52 week low of $127.46 and a 52 week high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company has a market capitalization of $153.27 billion, a PE ratio of 18.90, a PEG ratio of 4.11 and a beta of 0.74. The company has a 50 day moving average price of $176.70 and a two-hundred day moving average price of $174.88.

International Business Machines (NYSE:IBMGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 4.00%. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. BMO Capital Markets reduced their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Wedbush upped their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Bank of America upped their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $181.29.

View Our Latest Analysis on International Business Machines

International Business Machines Profile

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

See Also

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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